- Friday, 23 December 2016
- News
Current Account deficit narrowed to 25.5 billion pounds
The UK’s current account deficit was £25.5 billion in Quarter 3 (July to September) 2016, up from a revised deficit of £22.1 billion in Quarter 2 (April to June) 2016. The deficit in Quarter 3 2016 equated to 5.2% of gross domestic product (GDP) at current market prices, up from 4.6% in Quarter 2 2016. The widening in the current account deficit was mainly due to a widening in the deficits on total trade and secondary income, partially offset by a narrowing in the primary income deficit.
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- Monday, 12 December 2016
- News
UK's current GDP growth rate won't last, warns business body
"The business as usual" approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the UK's EU relationship and higher inflation will "dampen medium term growth," it said. It expects the UK's economy to grow by 1.1% next year, and by 1.4% in 2018.
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- Wednesday, 07 December 2016
- News
Australian GDP fell by 0.5% in Q3
Australia's economy shrank 0.5 per cent in the September quarter, well below already pessimistic analyst forecasts and its steepest decline since the global financial crisis of late-2008. Economists were generally expecting a slight fall in gross domestic product (GDP), with the typical forecast for a -0.1 per cent quarter and economic growth of 2.2 per cent over the year.
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- Tuesday, 29 November 2016
- News
US GDP grew 3.2% in Q3
Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
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